Frank was an American technology company that helped students find free scholarship money through an online college financial planning platform.
[1][3][4][5][6] In 2017, co-founder and chief technology officer Adi Omesy sued Javice and the company for wage theft and failure to award the promised equity; he received $35,000 as compensation per court order.
[5] In January 2018, Frank raised $10 million in funding from investors including Lemonade, WeWork, Bradley Tusk, and Marc Rowan, co-founder of Apollo Global Management.
[14][15][11][3][10][5] Javice remained CEO of Frank and joined JPMorgan Chase as head of student solutions on the digital products team.
[16][5] In December 2022, JPMorgan Chase sued Javice and Frank chief growth officer Olivier Amar for fraud, alleging that they lied to the bank by making up millions of fake student accounts to show that it had a successful, growing business.
[11][14][17] JPMorgan Chase claimed that it uncovered the fake user data when it launched an email-marketing campaign and more than 70% of the addresses that were allegedly Frank customers were not successfully delivered.
[10][17][18] In a counter lawsuit, Javice sued JPMorgan Chase for wrongful termination after the bank fired her in November 2022, alleging she was owed millions of dollars for expenses incurred while defending herself against internal investigations.